The price of Brent rose above $38

August futures on the London ICE Futures exchange rose to $0.32.

OPEC compliance with output cuts was only 74% in May

Despite the few members who failed to being production down as low as promised, OPEC’s overall May production was the lowest that it’s been since 2002.

Russia agrees to reschedule OPEC+ meeting date

Previously, it was scheduled for June 9-10.

Algeria proposed OPEC+ to hold oil meeting date earlier

It was previously planned to hold it on June 9-10

Japanese refineries will reduce production

Businesses have suffered competition from newer refineries in China and South Korea.

Russia banned the import of petroleum products

Coronavirus has affected the decline in demand in the country.

Oil price dynamics amid a price war between OPEC and Russia

Over the past week, world oil quotations have experienced serious volatility.

Oil price dynamics against the backdrop of tensions in the Middle East

After trading on September 16, the futures of benchmark oil, Brent and WTI increased by 12.4% and 14.7% respectively

Dynamics of oil and gas production in the US, Russia and Saudi Arabia

U.S. petroleum and natural gas production increased by 16% and by 12%, respectively, in 2018.